Acquisition Loans
An acquisition loan is used to acquire commercial property using the loan proceeds. This can include improved lots to already constructed and operating property.
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Loan size $500,000 to $500M or more if worldwide
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amortization 15 to 30 year schedules
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variable and fixed interest rates available (verify current rates)
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purchases up to 80% of purchase price
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loan to value 75% on most products
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debt service coverage apartments (multi-family) from 1.15, commercial- 1.25
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assumable for most scenarios
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closing time 45 to 60 days from the receipt of the complete package and supporting
documents
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if purchase includes a business, LTC/LTV could go as high as 85%. Or, 90% with small seller
carry back
Acquisition and Development
Loans to both acquire and develop real property, Acquisition and Development, to an improved state. Voucher control is set up to disperse loan proceeds with interest only paid on the funds distributed
- We can typically go to 75% loan to cost or 80% loan to value, whichever is less.
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We can typically provide a 2 to 3 year loan term for the construction, a 3 year mini-perm loan
to stabilize the project, and permanent financing at the end.
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The permanent financing will vary by property type but usually we can provide up to 30 year
amortization and 10 year fixed rate financing that is a margin range of 200 to 3.50 over the
10-year Treasury.
Financing is available for most any Real estate project or Business...You just need to know where to Look!
